Wells Fargo Advisors recently joined competitors like Charles Schwab and Merrill Lynch in offering zero-commission online trades for self-directed investors.

But it will also bring the growth of thousands of RIAs, said Pershing’s Mark Tibergien, speaking at the MarketCounsel Summit.

Mercer Global Advisors is acquiring Houston-based RIA Republic Wealth.

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Donald Marron led Paine Webber for 20 years before the retail brokerage was sold to UBS in 2000.

Donald Marron led Paine Webber for 20 years before the retail brokerage was sold to UBS in 2000.

The acquisition of Rodman Capital Management is the latest in a number of recent acquisitions MAI has made since accepting a minority investment from Wealth Partners Capital Group in 2017.